Financial Statements — MITQ
Balance Sheet
(in millions USD)| Metric | Q3 2026 | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | -- | -- | -- | 5.37 | 5.32 | 5.25 | 5.95 | 5.14 | 6.41 | 6.36 | 1.58 | 6.34 | 8.95 | 2.29 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4.42 | 3.08 | -- | 4.23 |
| Accounts Receivable | 1.63 | 0.96 | 1.84 | 0.94 | 0.75 | 1.03 | 0.89 | 1.14 | 2.04 | 0.98 | 1.42 | 1.69 | 0.66 | 1.75 |
| Inventory | 3.18 | 3.08 | 1.72 | 3.07 | 2.12 | 2.62 | 4.22 | 4.46 | 4.75 | 4.84 | 4.73 | 2.99 | 3.50 | 4.92 |
| Total Current Assets | 7.54 | 8.13 | 9.87 | 9.62 | 8.39 | 9.20 | 11.99 | 11.69 | 13.45 | 12.75 | 12.41 | 14.88 | 13.86 | 13.64 |
| Property, Plant & Equipment | 0.05 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
| Intangible Assets | 0.32 | 0.33 | 0.35 | 0.38 | 0.39 | 0.41 | 0.44 | 0.45 | 0.47 | 0.77 | 0.79 | 0.86 | 0.89 | 0.82 |
| Total Non-current Assets* | 1.30 | 1.33 | 1.41 | 1.55 | 1.64 | 1.52 | 0.70 | 0.78 | 0.86 | 1.57 | 1.98 | 1.54 | 1.20 | 2.06 |
| Total Assets | 8.84 | 9.46 | 11.28 | 11.17 | 10.03 | 10.72 | 12.69 | 12.47 | 14.31 | 14.32 | 14.39 | 16.41 | 15.06 | 15.70 |
| Accounts Payable | 1.97 | 2.13 | 2.90 | 2.75 | 1.64 | 1.83 | 1.46 | 1.19 | 2.91 | 2.14 | 1.63 | 2.24 | 1.21 | 3.18 |
| Total Current Liabilities | 3.23 | 3.66 | 5.04 | 5.19 | 3.80 | 4.11 | 6.38 | 5.34 | 6.21 | 5.05 | 4.57 | 6.32 | 5.07 | 5.86 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- | 0.70 | 0.00 |
| Total Non-current Liabilities* | 0.73 | 0.79 | 0.86 | 0.98 | 1.04 | 0.92 | 0.00 | 0.00 | 0.08 | 0.22 | 0.30 | 0.02 | 0.58 | 0.36 |
| Total Liabilities | 3.96 | 4.46 | 5.90 | 6.17 | 4.84 | 5.03 | 6.38 | 5.34 | 6.28 | 5.27 | 4.87 | 6.35 | 5.65 | 6.22 |
| Retained Earnings | (7.20) | (7.08) | (6.69) | (7.05) | (6.81) | (6.28) | (5.84) | (5.24) | (4.44) | (3.56) | (3.13) | (2.37) | (2.96) | (3.18) |
| Total Stockholder Equity | 4.88 | 5.00 | 5.38 | 5.00 | 5.20 | 5.69 | 6.32 | 7.13 | 8.02 | 9.05 | 9.52 | 10.07 | 9.41 | 9.47 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3.40 | 3.79 | 5.58 | 5.88 | 3.57 | 3.44 | 5.25 | 6.35 | 3.89 | 3.27 | 6.64 | 5.77 | 3.74 | 4.84 | 5.84 | 3.42 | 5.85 | 5.62 |
| Cost of Revenue* | 2.21 | 2.63 | 3.91 | 4.68 | 2.51 | 2.51 | 3.88 | 4.92 | 3.21 | 2.51 | 4.82 | 4.37 | 2.70 | 3.53 | 4.47 | 2.52 | 4.29 | 4.15 |
| Gross Profit | 1.18 | 1.17 | 1.67 | 1.20 | 1.06 | 0.94 | 1.37 | 1.43 | 0.68 | 0.76 | 1.82 | 1.40 | 1.04 | 1.31 | 1.37 | 0.90 | 1.56 | 1.48 |
| Research & Development | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.05 | 0.07 | 0.07 | 0.07 |
| Selling, General & Admin | 0.79 | 1.08 | 0.89 | 0.89 | 0.86 | 0.99 | 0.85 | 1.13 | 0.71 | 0.89 | 0.83 | 0.98 | 0.84 | 0.80 | 0.91 | 0.90 | 0.84 | 1.13 |
| Total Operating Expenses | 1.32 | 1.57 | 1.32 | 1.39 | 1.33 | 1.50 | 1.44 | 1.89 | 1.33 | 1.59 | 1.44 | 2.76 | 1.57 | 1.45 | 1.50 | 1.54 | 1.51 | 1.93 |
| Operating Income | (0.13) | (0.41) | 0.35 | (0.19) | (0.27) | (0.56) | (0.07) | (0.46) | (0.65) | (0.83) | 0.38 | (1.36) | (0.53) | (0.14) | (0.13) | (0.64) | 0.05 | (0.45) |
| Pretax Income | -- | -- | -- | (0.16) | (0.24) | (0.53) | (0.02) | (0.42) | (0.60) | (0.79) | 0.44 | (1.33) | (0.42) | 0.05 | 0.59 | (0.64) | (0.09) | (0.72) |
| Net Income | (0.12) | (0.39) | 0.51 | (0.16) | (0.24) | (0.53) | (0.02) | (0.42) | (0.60) | (0.79) | 0.44 | (1.33) | (0.42) | 0.05 | 0.59 | (0.64) | (0.09) | (0.72) |
| Basic EPS | (0.01) | (0.04) | 0.05 | (0.03) | (0.02) | (0.05) | 0.00 | (0.04) | (0.06) | (0.07) | 0.04 | (0.12) | (0.04) | 0.00 | 0.06 | (0.06) | (0.01) | (0.07) |
| Diluted EPS | (0.01) | (0.04) | 0.05 | -- | (0.02) | (0.05) | 0.00 | (0.04) | (0.06) | (0.07) | 0.04 | (0.12) | (0.04) | 0.00 | 0.06 | (0.06) | (0.01) | (0.07) |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (1.50) | (1.63) | (0.17) | 0.35 | 0.05 | 0.07 | (0.03) | (0.46) | 1.03 | (1.16) | (0.21) | 0.95 | 0.02 | (0.70) | 1.93 | (2.84) | (0.02) |
| Capital Expenditures | 0.05 | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 |
| Free Cash Flow* | (1.54) | -- | -- | -- | -- | -- | -- | (0.46) | 1.03 | (1.17) | (0.21) | 0.95 | 0.02 | (0.71) | 1.91 | (2.84) | (0.02) |
| Investing Cash Flow | (0.04) | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | (0.01) | -0.00 | (0.44) | 4.81 | (0.06) | (3.43) | -0.00 | (0.03) |
| Financing Cash Flow | (0.01) | -- | -- | -- | -- | -- | -- | (0.21) | (0.22) | (0.10) | -- | (0.25) | (0.05) | -- | (1.12) | 0.00 | 10.53 |
* Derived from reported values